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you go lady and raise the taxes. people if the republican party can tut go for that although they will get blamed for the disaster and the train wreck this is coming. >>neil: i tell people to look at coverage and say, did you wonder why republicans are obstinate wanting to hike taxes more, but, democrats are not when they don't want to cut spending? i say you go with the republicans on the tax thing it should be more and should be raised or should be this, fine, then apply the same standard to democrats when it comes to spend cuts. >>guest: one thing the republicans need to do a boater job of is be specific about what they offered and specific about what the democrats have not offered. the other thing i don't think they have yet communicated is that what will this do? president obama has made this such a point of the campaign and now the presidency, that we have to go after the 2 percent. the question is nut to answer him with an answer but 18 it with a question. what will that gain us? can we run the government for
you go lady and raise the taxes. people if the republican party can tut go for that although they will get blamed for the disaster and the train wreck this is coming. >>neil: i tell people to look at coverage and say, did you wonder why republicans are obstinate wanting to hike taxes more, but, democrats are not when they don't want to cut spending? i say you go with the republicans on the tax thing it should be more and should be raised or should be this, fine, then apply the same...
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Nov 30, 2012
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tax rate goes up. eventually you will get someone out, to get that president out and get president who wants lower tax rates and congress that wants the lower tax rate and maybe a senate. it would hurt dramatically. best time to do it is now. >> andrea: there are two schools of thought here. one if you follow twitter or watch republicans who are on the pundit circle, they say let them go off cliff and let obama own that. there is another one that says just let him have what he wants and then when the economy nose dives he will have to own it. republicans are going to get blamed anyway. do you feel strong about either one of those? >> dana: not necessarily. i do think i see in "washington post," headline, obama offers plan for cliff. plan to be in quotes. the thing that amazes me and the media lets it happen. for eight years or longer now. i had to defend how many times people said on the left, including president obama when he was running for president the first time, the bush tax cuts only help the ri
tax rate goes up. eventually you will get someone out, to get that president out and get president who wants lower tax rates and congress that wants the lower tax rate and maybe a senate. it would hurt dramatically. best time to do it is now. >> andrea: there are two schools of thought here. one if you follow twitter or watch republicans who are on the pundit circle, they say let them go off cliff and let obama own that. there is another one that says just let him have what he wants and...
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tax rates. tax rates. tax rates, tax rates. like tourettes. that is all they want. >>neil: member the middle ground they rumored about last week, maybe not 39.6 percent the top rate, but mid-30's but regardless you think the rate will change. >>guest: i am pessimistic short run and long run. there is in reason why they should go up but i think they will. we need to just limit the growth of spending to 2.5 percent a year on average and the fight is about taxes going up so that spending can go up and that is a game leapfrog. we end up with more debt and a weaker economy. the road map is greece, italy, spain, all over europe but the president thinks you can tax-and-spend your way to prosperity. >>neil: what the administration throws back on the issue is take a look at italy and greece, austerity has worked. you say what? >>guest: they have a strange definition. alwaysst either to them means higher taxes in europe and the united states austerity means less spending. i am in favor of the right definition of austerity. the balkan countries got out of the mess and now they
tax rates. tax rates. tax rates, tax rates. like tourettes. that is all they want. >>neil: member the middle ground they rumored about last week, maybe not 39.6 percent the top rate, but mid-30's but regardless you think the rate will change. >>guest: i am pessimistic short run and long run. there is in reason why they should go up but i think they will. we need to just limit the growth of spending to 2.5 percent a year on average and the fight is about taxes going up so that...
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the taxes go up 9,000%. writers of the simpson, the taxes will skyrocket. this isn't a joke. >> bob: you are right. but this is not going to happen. there is adjustment to social security. real cuts. >> eric: you know what -- >> bob: can i say something? >> eric: you add ornaments to add things. in obama added this little thing the other day. he said i don't want a debt ceiling or bound like it going for it. debt doesn't matter. >> bob: respond to the social security thing. >> eric: obama in october of 2008 before he was president obama. season. >> the way bush has done it, over the last eight years is to take out a credit cardback of china in the game of the children, driving up the national debt. that is irresponsible and unpatriotic. >> eric: unpatriotic. $5 trillion in debt. president obama will add ten, 11, 12 trillion in debt. when he is done with this. >> for years, president obama running when he was senator, running for president always said that the bush tax cuts were only for the rich and only benefit the rich. now he says that the republicans ar
the taxes go up 9,000%. writers of the simpson, the taxes will skyrocket. this isn't a joke. >> bob: you are right. but this is not going to happen. there is adjustment to social security. real cuts. >> eric: you know what -- >> bob: can i say something? >> eric: you add ornaments to add things. in obama added this little thing the other day. he said i don't want a debt ceiling or bound like it going for it. debt doesn't matter. >> bob: respond to the social...
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Nov 29, 2012
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credits and tax inclusions in a major tax reform package. the gang of six that i was a part of, still a part of, followed that recommendation. we think you ought to eliminate all of that. that will generate about $1.2 trillion in revenue. not new taxes. revenue. then you decide whether you're going to add the mortgage interest deduction, charitable deduction, other things back in there. so the question is, what do you do with that revenue that's been generated? we owe $16 trillion. i think that you got to pay part of that revenue toward that debt just like every single american that owns a home pays part of their monthly revenue toward their mortgage debt. it's exactly the same thing. the problem that grover and i have, he says if you do that, that's a tax increase, because the rest of it is going to go to lowering tax rates, and that's not 100% going to lowering tax rates. >> sean: if you're talking about $1.1 trillion or $1.2 trillion in revenue, that's raising taxes. people will pay more. when people pay more -- >> no. >> sean: they're no
credits and tax inclusions in a major tax reform package. the gang of six that i was a part of, still a part of, followed that recommendation. we think you ought to eliminate all of that. that will generate about $1.2 trillion in revenue. not new taxes. revenue. then you decide whether you're going to add the mortgage interest deduction, charitable deduction, other things back in there. so the question is, what do you do with that revenue that's been generated? we owe $16 trillion. i think that...
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taxes, you have been paid sales taxes or hidden taxes, so in the end in big states, people will be paying 60 -- a minimum of 60 cents of every dollar they make to the government. and i ask you, after every american is finished paying their fair share, how much of every dollar should they be allowed to keep, juan? and i want a direct answer. don't dodge, don't duck. what is fair? >> i don't duck. i always am straight with you, sean because i think you deserve an honest answer. number one, we are talking about federal taxation. if you want to have a argument with your county or city government, new york city and westchester county or long island go have it. >> you are not answering. >> but if you are talking about federal tax, right i'm saying to you i between between 35 and 39 is totally good. >> but that's not addressing it. wait a second. this is not a small issue. after somebody pace their federal, their state, their social security, their property, their car tax, their sales tax, after they are done giving the government their fair share, state, local, federal, what is fair? give me a
taxes, you have been paid sales taxes or hidden taxes, so in the end in big states, people will be paying 60 -- a minimum of 60 cents of every dollar they make to the government. and i ask you, after every american is finished paying their fair share, how much of every dollar should they be allowed to keep, juan? and i want a direct answer. don't dodge, don't duck. what is fair? >> i don't duck. i always am straight with you, sean because i think you deserve an honest answer. number one,...
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you want to talk about paying taxes and your fair share? they're a tax-exempt 501c5 organization. where is ed asner's rage about their escaping and evading their fair share of taxes? i don't hear it. also, let's have a balance. if they're going to show this in the california classrooms, how about an eight-minute video narrated by clint eastwood or my favorite right thinking actor adam baldwin that exposes the truth about occupy and the teachers alliance? they have to make up this urinating image? well, you've got occupiers who have been pooping on police cars. show that to the school kids. >> sean: well said. michelle malkin. great points. thank you for being with us. >> you bet, take care. >>> >> sean: coming up next, liz cheney on the breaking news out of syria. the government stands ready to use sarin nerve gas on its own people. a senior firm confirmed this to fox news. >>> women in egypt are fearing for their lives as sex mobs are preying on the public. the situation is getting dispratt. where is the outrage and the support from the feminists who screamed about the so-called
you want to talk about paying taxes and your fair share? they're a tax-exempt 501c5 organization. where is ed asner's rage about their escaping and evading their fair share of taxes? i don't hear it. also, let's have a balance. if they're going to show this in the california classrooms, how about an eight-minute video narrated by clint eastwood or my favorite right thinking actor adam baldwin that exposes the truth about occupy and the teachers alliance? they have to make up this urinating...
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we get taxes, will be cut. no, taxes will go up. spend willing be cut. everyone wants, almost everybody wants spending to be cut. what do you think will happen? >> let's look at wall street. what might happen to the 401(k)s or the stocks. last week, boehner said nothing is happening and stocks would plummet. somebody else would say something going on behind the scenes and stocks go up. this is tremendous volatility. this time of year we get santa claus rally, the stocks will rally until the end of the year. but if the taxes go on, on capital gains and dividends, people will start to sell now to have the better, more preferential tax treatment than afterwards. we may see selling in first of the year. >> eric: long-term, think long-term. once we get past that. what will the effect be? what if taxes on dividends go up? >> this is incredible disincentive. especially on the capital gains. to take the risk of investing. when you say long-term, long-term, if you don't need the money you invest in stock market. if you need it in the next five years don't go near
we get taxes, will be cut. no, taxes will go up. spend willing be cut. everyone wants, almost everybody wants spending to be cut. what do you think will happen? >> let's look at wall street. what might happen to the 401(k)s or the stocks. last week, boehner said nothing is happening and stocks would plummet. somebody else would say something going on behind the scenes and stocks go up. this is tremendous volatility. this time of year we get santa claus rally, the stocks will rally until...
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i can do the rest of my taxes for me. >> greg: adorable. here is where it gets delightful. >> schools, public safety, the roads, parks. libraries. public transportation. all in decline. rich people didn't care. they said get what they deserve. ordinary people wonder why rich people needed so much money. the 1% said don't worry. this is good for you, too! because it will trickle down from us to you. >> greg: ah, yes. is there any better lesson for your kids than saying the rich pee on the poor? you know it's bad when shanghai has more in common with traditional values than california does. we have in-house training film for occupy wall street, guaranteeing another generation of the angry deserved class warriors in ten years. what the video shows is how bitter and ugly progressives can be. for a moment i thought it was a parody but it's real. it's accurate depiction of the envy-driven left than you'll see and brought to you from california teachers. the people who want to put the grimy greedy paws all over your kids' minds among other things.
i can do the rest of my taxes for me. >> greg: adorable. here is where it gets delightful. >> schools, public safety, the roads, parks. libraries. public transportation. all in decline. rich people didn't care. they said get what they deserve. ordinary people wonder why rich people needed so much money. the 1% said don't worry. this is good for you, too! because it will trickle down from us to you. >> greg: ah, yes. is there any better lesson for your kids than saying the rich...
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if that means extending the bush tax cuts until both things happen, in other words, whatever tax increases take place take place, whatever expenditure reductions take place at the same time. i simply wouldn't trust the president with any kind of deal where you give him revenue increase now, and he gives you an expenditure reduction a year from now. i don't think you'll ever see the expenditure reduction and rush limbaugh's comment is absolutely correct. our country is in trouble because we're spending too much money, not because we're taxing too little. >> greta: mayor, i don't know if i could find one american, maybe i can, maybe there are a lot out there who think you can cut a deal now with the promise that something is going to be done down the road by the government. i don't know anyone who would ever believe such a promise. i don't expect that the republicans would accept that offer from the president. i just don't see that as ever happening in the city. let me ask you -- >> i'm sorry. republicans basically have to say our principles here are correct. our whole analysis of the econom
if that means extending the bush tax cuts until both things happen, in other words, whatever tax increases take place take place, whatever expenditure reductions take place at the same time. i simply wouldn't trust the president with any kind of deal where you give him revenue increase now, and he gives you an expenditure reduction a year from now. i don't think you'll ever see the expenditure reduction and rush limbaugh's comment is absolutely correct. our country is in trouble because we're...
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no to taxes. do you any any republicans sent to congress to facilitate the president spending to us oblivion? they no. or they will be sent home. >> president feels like he was elected on a campaign where he mentioned on the stump many times, raising tax rates. >> i understand that. >> but under our system the congress writes the law and president enforces them. if they don't go along with the law that the president wants it won't become the law. then we won't let him borrow more and he can't spend more than what the treasury collects. it's forced to reduce spen spending. that is the only way to get the house in order. >> over the cliff. >> over the cliff. >> juan? >> i hope not. i don't think it's good for most of america. it could be damage for economy struggling to recover. takes us further down the road for what i think is the news of the day. argument over the debt ceiling today. that is one point of the republican lench in the dole. some machiavellian misstep made. he wanted the democrats to
no to taxes. do you any any republicans sent to congress to facilitate the president spending to us oblivion? they no. or they will be sent home. >> president feels like he was elected on a campaign where he mentioned on the stump many times, raising tax rates. >> i understand that. >> but under our system the congress writes the law and president enforces them. if they don't go along with the law that the president wants it won't become the law. then we won't let him borrow...
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. >> eric: yes, i did pay my taxes. no i didn't kill anyone. >> kimberly: i'm not against dogs, yeah, the whole thing. i like dogs. >> eric: i like twitter. that was the big thing. please roll the video. according to the reporter newspaper, president obama plans to do his annual wine vacation, get this, the dates are december 17 through january 6. so that means, while america is hurled head first off the fiscal cliff, the obama will spend 21 days golfing, body surfing and lunching to the tune of $4 million taxpayer dollars. you can't make stuff up. >> kimberly: that sounds good to me. >> dana: the reporters would have complained if they spent 21 days in waco. but 21 in hawaii could be worse. he said let's make sure we get it done before christmas. get it done on december 16, sign it, get out of town. >> eric: $4 million. >> bob: if he was in the bathroom at the white house it would cost $4 million. >> eric: december 17 to january 6. fiscal cliff hits december 31. smack dab in middle of this vacation. he snub hawaii, bod
. >> eric: yes, i did pay my taxes. no i didn't kill anyone. >> kimberly: i'm not against dogs, yeah, the whole thing. i like dogs. >> eric: i like twitter. that was the big thing. please roll the video. according to the reporter newspaper, president obama plans to do his annual wine vacation, get this, the dates are december 17 through january 6. so that means, while america is hurled head first off the fiscal cliff, the obama will spend 21 days golfing, body surfing and...
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>> well, don't tax you, don't tax me, tax the guy behind the tree. >> paul: russell long, former late senator. >> exactly. and what you see here are very wealthy people who can, you know, engineer ways to avoid taxes, meanwhile, what he's-- the medicine he's suggesting for people who are starting to do better, people who say, make $200,000, maybe working their whole life. they're the ones who are going to get hit with the obama taxes and really, i mean, you look at that and you think a normal human being with, you know, would be ashamed of that lack of intellectual honesty, should be. >> it's fascinating economic dri that costco is borrowing the money to pay this dividend. now, usually when companies pay dividends, it's out of earnings, right? >> yes, retained earnings, in this case, they're borrowing, taking on more debt, not to invest in the business in the future growth, but for a one-time equity pay out. >> and to worry about interest rates are low thanks to ben bernanke. >>, but this shows the tax rates combined with very low bore heing costs and instead of investing in growth, y
>> well, don't tax you, don't tax me, tax the guy behind the tree. >> paul: russell long, former late senator. >> exactly. and what you see here are very wealthy people who can, you know, engineer ways to avoid taxes, meanwhile, what he's-- the medicine he's suggesting for people who are starting to do better, people who say, make $200,000, maybe working their whole life. they're the ones who are going to get hit with the obama taxes and really, i mean, you look at that and...
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, just not the tax rate. the president said no and came back and moved the goal posts and wants 1.6 trillion. >> it's like lucy pulling away the football from charlie brown. the president is now asking for twice the amount of increase in taxes that he campaigned on. really, the proposal that tim geithner brought to capitol hill is one that i believe the democrats one-point even support if put to a voight. the increase in taxes in over $200,000 of income, the incredible increase in change to the death tax, wanting to have a new credit card with no credit limit to the president so he can additionally just borrow and spend and tax? you go through all of these things. it really never deals with the fumblefundamental problem in our country which is the spending. our problem is not that we're taxed too little, we just continue to spend too much. >> he is asking that the debt ceiling that he has sole control over and how much the debt ceiling can be raised without having to get permission from capitol hill. i mean,
, just not the tax rate. the president said no and came back and moved the goal posts and wants 1.6 trillion. >> it's like lucy pulling away the football from charlie brown. the president is now asking for twice the amount of increase in taxes that he campaigned on. really, the proposal that tim geithner brought to capitol hill is one that i believe the democrats one-point even support if put to a voight. the increase in taxes in over $200,000 of income, the incredible increase in change...
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we don't have any objection to tax reform, tax simplification. closing loopholes, closing deductions, but there is a bottom line, an amount of revenue that is required in order for us to get a real, meaningful deficit reduction plan that hits the numbers that are required for us to stabilize our debt and deficits. and -- [. [no audio] kwroe. jenna: we gave it our best shot. sometimes we can't do it. the president speaking at the white house at the business roundtable about the economy. fiscal cliff certainly the issue in the short term for a lot of big businesses and certainly for a lot of american taxpayers. however, long term is another story when it comes to the economy, and entitlements, the president referring to that as well. as we continue to get that feedback you can check it out foxnews.com, in the meantime we're going to move onto other news as well. >> reporter: and so let's begin with the violence that is appearing to really spiral out of control. secretary of state hillary clinton says she fears a desperate president bashar al-assad
we don't have any objection to tax reform, tax simplification. closing loopholes, closing deductions, but there is a bottom line, an amount of revenue that is required in order for us to get a real, meaningful deficit reduction plan that hits the numbers that are required for us to stabilize our debt and deficits. and -- [. [no audio] kwroe. jenna: we gave it our best shot. sometimes we can't do it. the president speaking at the white house at the business roundtable about the economy. fiscal...
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, not just tax rates, capital gains, dividends, et cetera. also about $50 billion in new spending next year. the white house down plays that by saying look, this is just stuff the president put out there previously in the american jobs. it's not so grand new stimulus plan but none the less speaker boehner is basically complaining that while there is a lot about the taxes, a lot about some new spending is he not seeing a lot of detail on spending cuts. take a listen. >> i'm disappointed. in where we are and disappointed in what's happened over the last couple of weeks. going over the fiscal cliff is serious business. and i'm here seriously trying to resolve it. and i would hope the white house would get serious as well. >> now, the white house thinks republicans have overdone the outrage today. they say the real problem republicans have is they don't want to raise taxes on the rich. so basically we are still deadlocked tonight, shep. >> shepard: vice president biden did his part for the economy today. he went shopping? >> yeah a new cosco here
, not just tax rates, capital gains, dividends, et cetera. also about $50 billion in new spending next year. the white house down plays that by saying look, this is just stuff the president put out there previously in the american jobs. it's not so grand new stimulus plan but none the less speaker boehner is basically complaining that while there is a lot about the taxes, a lot about some new spending is he not seeing a lot of detail on spending cuts. take a listen. >> i'm disappointed....
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taxed. the basic understanding night can taxpayer now, they earned the right to be this cynical, is that whatever is said during these kinds of negotiations, in the end everybody pays. megyn: we have seen so much jockeying in washington back and forth between the white house and house republicans. eve one offers a deal the other side says is totally unacceptable and a non-starter. president obama just sat down for an interview with bloomberg and says the tax rates -- the republicans say don't raise rates. but let's close out loopholes and get rid of deductions. all you should care about is how much revenue you are getting. why do you care fit' a rate or deduction. increase the revenue. president obama says no i need rates to go up on the rich. now he's saying rates have to go up. they have to go up on the rich. but then we can talk about lower them again next year. we'll chat. we'll have more time then we can discuss the loopholes abductional earn tough deductions to rates. >> we are 400 day
taxed. the basic understanding night can taxpayer now, they earned the right to be this cynical, is that whatever is said during these kinds of negotiations, in the end everybody pays. megyn: we have seen so much jockeying in washington back and forth between the white house and house republicans. eve one offers a deal the other side says is totally unacceptable and a non-starter. president obama just sat down for an interview with bloomberg and says the tax rates -- the republicans say don't...
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tax hikes on the rich. republicans have said, well, we don't want that, but we will put revenue on the table if you agree to some spending cuts. and now both sides are saying you show us your proposed spending cuts first. do i have it about right, marc? >> yeah, about right, essentially. look, the president -- i think it's very clear, i think at least, that the democrats want to go off the fiscal cliff. you can see it in the fact that president obama's out there campaigning instead of sitting down with john boehner, running around pushing for a bill to increase -- extend just the middle class tax cuts which he knows republicans will never do. you can see it in the fact that 33 senate democrats signed this letter which says, quote, we will oppose including social security cuts for current or future pen fisheries in any -- beneficiaries at any time. that's signed by harry reid. senator durbin giving a speech saying no touching medicare or medicaid in any year end package. so, basically, the democratic positio
tax hikes on the rich. republicans have said, well, we don't want that, but we will put revenue on the table if you agree to some spending cuts. and now both sides are saying you show us your proposed spending cuts first. do i have it about right, marc? >> yeah, about right, essentially. look, the president -- i think it's very clear, i think at least, that the democrats want to go off the fiscal cliff. you can see it in the fact that president obama's out there campaigning instead of...
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there was a contrast of ideas over what we do with our tax code and how we reform our tax code. and at the even of the date president got millions more in the popular vote than romney because americans think by and large their wealthier neighbors and wealthier americans should be paying a fairer share. it's not fair when you have the wealthiest among us paying a lower effective tax rate. megyn: is the media -- the media has been focused on the tax hikes and whether president obama is going to get them and not focused on spending cuts. is that because the republicans and the president agree the middle class needs those tax cuts and should get them. the only thing they disagree on is whether the rich should also have tax cuts given to them. the left is say we agreet middle class should get the tax cuts. so let's give them to them. >> you are comment is largely right. the republicans have gone along in a bipartisan manner with the idea there has to be revenue. the speaker has put forward a framework in which he agrees there should be $800 billion of revenue on the table. the proble
there was a contrast of ideas over what we do with our tax code and how we reform our tax code. and at the even of the date president got millions more in the popular vote than romney because americans think by and large their wealthier neighbors and wealthier americans should be paying a fairer share. it's not fair when you have the wealthiest among us paying a lower effective tax rate. megyn: is the media -- the media has been focused on the tax hikes and whether president obama is going to...
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the taxes are this. 35% will go to federal taxes. 4.54% will go to arizona taxes, that is much better than california. and 6% will go to missouri taxes. interesting too a couple other notes for you. one this isn't the largest lottery in u.s. history actually earlier this year the megamillions game was $656 million. three people bought tickets that won that, that was earlier this year, and the largest in the history of the world, believe it or not was back in spain in 2011. $939million somebody won over there. martha. martha: wow, well, you know we'd lick to her a good story. if you have a good story about winning the lottery and everything turning out really well, let us know. >> reporter: i would have shared. i would have shared. martha: thank you, adam. we'll see you soon. bill: thank you, adam. if you're watching us right now you probably didn't win. you'd be out answering the phone or having a good party. martha: first thing i would do is watch "america's newsroom" if i won. bill: okay that's it. the odds of winning, space junk falling to earth and hitting one person, one in 3200.
the taxes are this. 35% will go to federal taxes. 4.54% will go to arizona taxes, that is much better than california. and 6% will go to missouri taxes. interesting too a couple other notes for you. one this isn't the largest lottery in u.s. history actually earlier this year the megamillions game was $656 million. three people bought tickets that won that, that was earlier this year, and the largest in the history of the world, believe it or not was back in spain in 2011. $939million somebody...
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we're definitely raising taxes, payroll tax holiday is gone. we're raising taxes on everybody. do you want to do that at a time when the economy is fundamentally weak? raise taxes in a weak economy? not a good idea. this report in one hour is going to tell us an awful lot about the underlying state of our economy. >> brian: because of my unique position and what i made witness of hurricane sandy, i know you can not find an electrician. you can not find a plumber. you have to wait in line for a contractor. so anyone that says sandy wiped out jobs, you might have a point. they also gave a lot of jobs and a lot of the fema checks are up to $30,000. and they're building things and hiring people with that money. >> that is true. and next month when we get next -- december's unemployment report, you're going to see a blip up in number of jobs created because of what you're talking about. but in november, jobs were lost because of the hurricane, but not as many as to make up for a fundamentally underlying weak economy. >> brian: do you think that the number today will spur some real l
we're definitely raising taxes, payroll tax holiday is gone. we're raising taxes on everybody. do you want to do that at a time when the economy is fundamentally weak? raise taxes in a weak economy? not a good idea. this report in one hour is going to tell us an awful lot about the underlying state of our economy. >> brian: because of my unique position and what i made witness of hurricane sandy, i know you can not find an electrician. you can not find a plumber. you have to wait in line...
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he's willing to let the tax go up on the middle class. on the debt increase he doesn't have the same leverage. bob woodward pointed out that tim geithner said to president obama if the republicans stick to their guns on the debt limit bill you cannot reto it. the consequences will be so clam to us that you cannot veto it. so obama would have capitulated. megyn: that's what simon is saying now. that we shouldn't put the country in that position. >> the only way we'll get action on this debt. we keep spending and spending and raising our debt by $6 trillion every obama term. that's what catastrophic. the republicans need to stick to the boehner rule. a dollar of spending cuts for every dollar in spending increases. why give in on taxes and the fiscal cliff fight when you will have all the leverage. megyn: simon? >> in the rasmussen poll that came out today the republicans lost 10 points since the election in the congressional generic fight. they are losing this economic argument right now. if they pull what mark is saying, you are going to
he's willing to let the tax go up on the middle class. on the debt increase he doesn't have the same leverage. bob woodward pointed out that tim geithner said to president obama if the republicans stick to their guns on the debt limit bill you cannot reto it. the consequences will be so clam to us that you cannot veto it. so obama would have capitulated. megyn: that's what simon is saying now. that we shouldn't put the country in that position. >> the only way we'll get action on this...
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bill: the focus is all on taxes and tax rates and not on spending. how can you be serious when you want to raise $1.6 trillion in taxes at a time when growth is around 2? >> that's the point i was making. they complain about want to go cut spending but they made no offer to cut spending. when the president talked about cutting spending, when they talk about defense spending what happens? they attack him. for the entire campaign all we heard about was how obama wanted to cut medicare. so which is it? i it he cut too much or he doesn't cut anything? and where is there offer? if they say they are the party of cutting spending stop talking about the democrats, make an offer. >> mitch mcconnell is out there every single day saying these are the entitlement changes that i think make sense and would get us to a deal. raising the retirement age, dealing with change the inflation formula so the programs aren't spending so much out over time. if president obama is interested in reforming entitlements which he says he is but he never specifies what it would be.
bill: the focus is all on taxes and tax rates and not on spending. how can you be serious when you want to raise $1.6 trillion in taxes at a time when growth is around 2? >> that's the point i was making. they complain about want to go cut spending but they made no offer to cut spending. when the president talked about cutting spending, when they talk about defense spending what happens? they attack him. for the entire campaign all we heard about was how obama wanted to cut medicare. so...
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he wants to raise taxes now. and, by the way, he'll get back to us with how exactly he intends to cut spending later. that's why speaker of the house john boehner told reporters no substantive progress has been made. president obama has no interest in reducing the size of the federal government. now democrats before him he's dangling the prospect of future budget cuts in the hopes republicans will take the bait. with that in mind, it's important to remember the words of president ronald reagan, he wrote them in his own autobiography, and described in great deal a deal he struck with the democrats in 1980s, promising $3 in spending cuts for every dollar in a tax increase. reagan wrote, the democrats reneged on their pledge and we never got those cuts. perhaps that's why some on the right are calling foul on these negotiations. >> the only secret talks have revealed, a government that skips from one crisis to the next. all of this secrecy allows the president to petition himself frankly and being in favor of a bala
he wants to raise taxes now. and, by the way, he'll get back to us with how exactly he intends to cut spending later. that's why speaker of the house john boehner told reporters no substantive progress has been made. president obama has no interest in reducing the size of the federal government. now democrats before him he's dangling the prospect of future budget cuts in the hopes republicans will take the bait. with that in mind, it's important to remember the words of president ronald reagan,...
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he says republicans have to accept the, quote: reality as he puts it that tax rates are going up for the richest americans. something g.o.p. leaders are calling a deal breaker. >> we're not insisting on rates just out of spite or out of any kind of partisan bickering. but rather because we need to raise a certain amount of revenue. we can probably solve this. it's not that tough. but we need that conceptual break through that says we need to do a balanced plan. >> we made a good faith offer to avert the fiscal crisis and that offer included significant spending cuts reforms and it included additional revenue. and frankly, it was a balanced approach mr. president has been asking for. now we need a response from the white house. >> they have 27 days to prevent automatic tax hikes and spending cuts from kicking in on new year's day. ed henry live at the white house for us. ed, we are hearing the president and house speaker john boehner actually talked by phone not too long ago. >> that's right, harris. we confirmed that there was a phone call between the two leaders this afternoon. no m
he says republicans have to accept the, quote: reality as he puts it that tax rates are going up for the richest americans. something g.o.p. leaders are calling a deal breaker. >> we're not insisting on rates just out of spite or out of any kind of partisan bickering. but rather because we need to raise a certain amount of revenue. we can probably solve this. it's not that tough. but we need that conceptual break through that says we need to do a balanced plan. >> we made a good...
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bill: so what happens if your taxes or to your taxes if lawmakers don't strike a deal? the tax policy center says that 90% of the americans would see a tax hike next year in 2013. it says 121 million americans will be paying more in payroll taxes, and families making between 40 and $65,000 a year, will pay an extra $2,000 to the government. that starts in 2013. martha: some say that they're concerned that what happens in europe could also happen here down the road. look at europe's economy down the road. 11.7% unemployment. that is another record high in the month of october. breaking that down, it is 18.7 million people out of work across the 17 eu countries that use the euro. spain and greece have the highest jobless rates. 25% is the unemployment rate in spain and greece with youth unemployment levels, look at this, almost 60% in spain and greece. bill: good luck with that, huh? what a future. debate now underway on capitol hill where the house is set to vote on the republican immigration reform bill. if it passes the stem act would get rid of the lottery system and
bill: so what happens if your taxes or to your taxes if lawmakers don't strike a deal? the tax policy center says that 90% of the americans would see a tax hike next year in 2013. it says 121 million americans will be paying more in payroll taxes, and families making between 40 and $65,000 a year, will pay an extra $2,000 to the government. that starts in 2013. martha: some say that they're concerned that what happens in europe could also happen here down the road. look at europe's economy down...
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we'll pay a less tax now to avoid the obama tax the rich tax next year. that is flat out hypocrisy, in my opinion. >> gretchen: i love stuart varney, emon a monday morning because he wakes me up with his analysis. >> hypocrisy will get you any time of day. >> gretchen: i gather you'll be talk being this on varney and company. it's 9:20 a.m. over an fbn. >> thanks. >> gretchen: i'll look forward to see you. coming up, the new plan to push american students ahead, longer school days. is that a good idea? should we keep our kids in school longer? then he's got one of the most popular shows on tv and one of the coolest jobs ever. the red neck rocket scientist blowing things up here, next hour. oh, my goodness, i think that's what's going to be blowing up. just a guess. want to try to crack it? yeah, that's the way to do it! now we need a little bit more... [ male announcer ] at humana, we understand the value of quality time and personal attention. which is why we are proud to partner with health care professionals who understand the difference that quality t
we'll pay a less tax now to avoid the obama tax the rich tax next year. that is flat out hypocrisy, in my opinion. >> gretchen: i love stuart varney, emon a monday morning because he wakes me up with his analysis. >> hypocrisy will get you any time of day. >> gretchen: i gather you'll be talk being this on varney and company. it's 9:20 a.m. over an fbn. >> thanks. >> gretchen: i'll look forward to see you. coming up, the new plan to push american students ahead,...
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instead of reforming the tax code and cutting spending the president wants to raise tax rates. even if the president got the tax rate hike that he wanted, understand that we would continue to see trillion-dollar deficits for as far as the eye can see. listen, washington has got a spending problem not a revenue problem. if the president doesn't agree with our proposal i believe that he's got an obligation to families and small businesses to offer a plan of his own, a plan that can pass both chambers of the congress. we are ready and eager to talk to the president about such a plan. >> you did speak with the president earlier this week, can you characterize that call? did he have any kind of counter offer? also, we understand that he is making clear that it's got to be increase in rates for the wealthy or no deal. are you willing to give a little bit maybe not all the way to 39.6? >> the phone call was pleasant, just more of the same. the conversations that the staff had yesterday, just more of the same. it's time for the president, if he's serious, to come back to us with a coun
instead of reforming the tax code and cutting spending the president wants to raise tax rates. even if the president got the tax rate hike that he wanted, understand that we would continue to see trillion-dollar deficits for as far as the eye can see. listen, washington has got a spending problem not a revenue problem. if the president doesn't agree with our proposal i believe that he's got an obligation to families and small businesses to offer a plan of his own, a plan that can pass both...
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we want to tax the rich with higher tax rates on the rich. we have a dollar difference, a difference in principle. martha: we are hung up on ideology here. if you can get the money one way and it produces a long lasting change to the tax code which both sides say they want, what seems to be the problem? >> reporter: it's ideology. the president one the elect, he says he won it on taxing the rich. he want to win the debate. whether it's the best solutioner to the economy is an entirely different story. this is a political and ideological argument and we'll see who wins. martha: there is a couple ways this could go. one is to land in the middle. you have $800 billion and $1.6 trillion. the other is for one side to say no deal. we'll let you go over the fiscal cliff and we'll see what happens. >> reporter: at the last minute i think there will be a deal. i think republicans will retreat and say okay, you can have higher tax rates but only on people making a half million dollars a year. the president will say, okay, but we'll only discuss -- we'l
we want to tax the rich with higher tax rates on the rich. we have a dollar difference, a difference in principle. martha: we are hung up on ideology here. if you can get the money one way and it produces a long lasting change to the tax code which both sides say they want, what seems to be the problem? >> reporter: it's ideology. the president one the elect, he says he won it on taxing the rich. he want to win the debate. whether it's the best solutioner to the economy is an entirely...
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he put on more taxes. he doubled the new taxes and, tax increases. and then he put more spending on the table and new stimulus. that is heading us in the wrong direction. jenna: i'm getting a lightning bolt wires comes into our newsroom when news crosses. apparently the president speaking to bloomberg television moments ago, getting parts of this interview says speaker boehner's proposal on the fiscal cliff is still out of balance. that is a quote the president has given about the letter and the proposal that you sent to capitol hill. realistically, when do you need to get a deal done to avoid the country from going off the fiscal cliff? know there is limited days. >> yes. jenna: when does an actual deal have to be done so it gets through those logistical processes we know need to be done in both the house and the senate? >> the sooner we can get a deal the better. speaker boehner, as i said, he, the day after the election, said, okay, we'll put tax revenue on the table. let's start the negotiations. you know this can be done. president reagan and ti
he put on more taxes. he doubled the new taxes and, tax increases. and then he put more spending on the table and new stimulus. that is heading us in the wrong direction. jenna: i'm getting a lightning bolt wires comes into our newsroom when news crosses. apparently the president speaking to bloomberg television moments ago, getting parts of this interview says speaker boehner's proposal on the fiscal cliff is still out of balance. that is a quote the president has given about the letter and...
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he did talk about his desire to increase taxes which may go to melissa's point. but after an elect like this. there isn't that goodwill. there isn't that kind of national coming together that you might have seen for, say, bill clinton or ronald reagan and their reelection. people are pretty bummed out. alisyn: tell us what the larger issue is. does this mean people won't be spending as much on christmas gifts in how do it translate to what it means to the economy? >> it's always hard to reconcile how people feel and how they act. we know you may feel like you shouldn't spend a lot of money but when push comes to showf end up buying an extra gift. soy don't think it means christmas is doomed. but like you were saying before. people are not feeling hopeful about what's going on and they are not alone. when i talk to economists they are wondering, is this the new normal. you have roughly 150,000 people finding jobs. is its lauded as a good thing, in the past you would see 200,000 to 300,000 people every month finding a new job. at this rate it will take nine years t
he did talk about his desire to increase taxes which may go to melissa's point. but after an elect like this. there isn't that goodwill. there isn't that kind of national coming together that you might have seen for, say, bill clinton or ronald reagan and their reelection. people are pretty bummed out. alisyn: tell us what the larger issue is. does this mean people won't be spending as much on christmas gifts in how do it translate to what it means to the economy? >> it's always hard to...
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loopholes and lower tax rates. that's far better for the economy, and the american people actually favor that approach by two to one. they favor it even more when we can also show them that real spending cuts will, in fact, reduce the deficit. now, there have been many conversations over the last couple of years that could inform a solution. i hope the president will draw from those discussions and work with both parties to find common ground. solving the fiscal cliff in a manner that addresses the true drivers of our debt and saves american jobs will be a great way for the president to start his second term. and for the unity of our country and my colleagues, we're ready to work with the president to achieve those goals. >> reporter: on the issue of tax cuts, are you willing to accept -- [inaudible] what's our final deadline on -- [inaudible] >> increasing tax rates draws money away from our economy that needs to be invested in our economy to put the american people back to work. it's the wrong approach. we're wil
loopholes and lower tax rates. that's far better for the economy, and the american people actually favor that approach by two to one. they favor it even more when we can also show them that real spending cuts will, in fact, reduce the deficit. now, there have been many conversations over the last couple of years that could inform a solution. i hope the president will draw from those discussions and work with both parties to find common ground. solving the fiscal cliff in a manner that addresses...
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so, streamline the tax code, remove the entire income tax philosophy, fair tax or flat tax, can't do that now. but look at spending and spending cuts across the board and different programs where we can really cut some money, rather than talk about it, let's do something and do it next week and move it down to the senate and the let them look at it it. >> dave: so there's substance and also, style, congressman. how do you feel about the fact that the president, instead of sitting down with your leader john boehner is out there in what appears to be a campaign style, giving speeches instead of negotiating? >> well, it's disturbing in some respect. he is the leader of the country. and rather than be in washington d.c. in a room working with everybody involved that can make these decisions and push legislation, republicans, democrats, senators, members of house and talking through the knitty gritty, he proposes town and campaigns about it and it's difficult to communicate and talk about things if the president is not in washington to talk. >> dave: especially with roughly two weeks to g
so, streamline the tax code, remove the entire income tax philosophy, fair tax or flat tax, can't do that now. but look at spending and spending cuts across the board and different programs where we can really cut some money, rather than talk about it, let's do something and do it next week and move it down to the senate and the let them look at it it. >> dave: so there's substance and also, style, congressman. how do you feel about the fact that the president, instead of sitting down...
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bottom line is the taxes are too high, very high property taxes. one of the highest sales taxes in the country. they're look at raising taxes again. we've got a $1.5 billion deficit we're facing between the schools, transit and the city itself, $25 billion in combined unfunded pension liabilities. one of the key things, i'm often criticized for being so critical, but we have to face the truth. only by facing the truth can we find the reforms we need and people are leaving. they're voting with their feet to go to greener pastures elsewhere. >> steve: some other people who left are politicians who wound up going to prison. we have some of the folks blago former governor got 14 years on extortion. another one for fraud and bribery. george ryan, former governor got six years for racketeering. mel reynolds, former congressman, he got six years for statutory rape. go ahead. >> the culture here is that the government inserts itself into the free enterprise system so people who want to pursue business have to come with their hat in hand to government offic
bottom line is the taxes are too high, very high property taxes. one of the highest sales taxes in the country. they're look at raising taxes again. we've got a $1.5 billion deficit we're facing between the schools, transit and the city itself, $25 billion in combined unfunded pension liabilities. one of the key things, i'm often criticized for being so critical, but we have to face the truth. only by facing the truth can we find the reforms we need and people are leaving. they're voting with...
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. >> sean: same with value added tax after eliminating the fair tax is good, each one is progressive, the more you make, the more you spend. >> people get a flat tax. fair share, think flat tack. i'm starting to see forbes about it and listen this is what we ought to be doing. >> sean: where is the president? why the constant campaign? after every election there's a period when things can get den, good things. i was saying this to bob woodward, one in six in poverty, 50 million on food stamps this is not a time to play games this is a time to get this country out of the fiscal mess it is in, live within our means that means really doing big things, touching entitlements saving them from bankruptcy. campaigning in pennsylvania using class warfare. >> it is more egregious when you know we've had four deaths in libya. what happened how can we avoid that mistake in the future? when you go around the country and texas and people are hurting and struggling and it is breaking their heart to make ends meet and you know we have more energy than anybody in the world and not using it. >> sean: i
. >> sean: same with value added tax after eliminating the fair tax is good, each one is progressive, the more you make, the more you spend. >> people get a flat tax. fair share, think flat tack. i'm starting to see forbes about it and listen this is what we ought to be doing. >> sean: where is the president? why the constant campaign? after every election there's a period when things can get den, good things. i was saying this to bob woodward, one in six in poverty, 50...
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that is where the tax should start. senator bob corker, former businessman is very outspoken on this as well. he will speak to the israeli ambassador on the latest developments overseas. that is "fox news sunday". our thanks to chris as we always see mr. sunday, on sunday afternoon and sunday morning depending where you are. bill: no shortage of topics. martha: no. bill:. recording your every move while you drive. while the same kind of black box found in an airplane could be standard on the next car that you buy. plus there's this. martha: wow! a car plowed into a store. the bizarre accident was caught on tape. we'll show you what happened. we'll be right back. you can't argue with nutrition you can see. great grains. great grains cereal starts whole and stays whole. see the seam? more pcessed flakes look nothing like natural grains. i'm eating what i kn is better nutrition. mmmm. great grains. search great grains and see for yourself. bill: well, if you drive, and many of you do you do not know this just yet. soon the
that is where the tax should start. senator bob corker, former businessman is very outspoken on this as well. he will speak to the israeli ambassador on the latest developments overseas. that is "fox news sunday". our thanks to chris as we always see mr. sunday, on sunday afternoon and sunday morning depending where you are. bill: no shortage of topics. martha: no. bill:. recording your every move while you drive. while the same kind of black box found in an airplane could be standard...
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gives in on their demand for more tax money. >> what is lacking are the revenues. we cannot cut your way to deficit reduction. what reduces the deficit are jobs. job creation. after spending cuts, and medicare saving, and next is the revenue. >>reporter: leader pelosi spent time at the white house today meeting with president obama on what we are told are a number of issues. >>shepard: thank you, mike, from washington, dc. we know that business collects information from us when we go to our website our mobile apps. usually it is legal. there is a new law that requires companies to notify you if it is taking information from you. to law is about to be put to the test. i got word in the last 30 seconds and a ruling from the supreme court, a decision from the supreme court, actually, on whether it will hear a same-sex marriage case and the constitutionality of that. the answer is "yes" the court has notified us. all energy development comes with some risk, but proven technologies allow natural gas producers to supply affordable, cleaner energy, while protecting our en
gives in on their demand for more tax money. >> what is lacking are the revenues. we cannot cut your way to deficit reduction. what reduces the deficit are jobs. job creation. after spending cuts, and medicare saving, and next is the revenue. >>reporter: leader pelosi spent time at the white house today meeting with president obama on what we are told are a number of issues. >>shepard: thank you, mike, from washington, dc. we know that business collects information from us...
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megyn: capital gains tax rate is different from the income tax rate in this country. on social security he a lower rate -- [talking over each other] megyn: president clinton lowered the capital gains rate. there is no correlation between its relation to investment income and earn income. megyn: why demonize the rich? the mortgage meltdown was a nightmare. but why demonize all of the rich? >> i hope to be rich one day. i aspire to. i would love to be a billionaire. i think people have admiration for the ones who follow the rules and who actually earn what they may. but when someone basically sits on their assets and gets 13.9% of the tax rate, i think that frustrates people. megyn: but that is legal. are you saying it's morally wrong? [talking over each other] [talking over each other] >> not at all. it is legal. but the law is asinine. there is no reason why it should be taxed. >> c-1 government enforcement of the tax code as equalization for everybody? [talking over each other] [talking over each other] >> you believe someone should earns $40 billion year should pay
megyn: capital gains tax rate is different from the income tax rate in this country. on social security he a lower rate -- [talking over each other] megyn: president clinton lowered the capital gains rate. there is no correlation between its relation to investment income and earn income. megyn: why demonize the rich? the mortgage meltdown was a nightmare. but why demonize all of the rich? >> i hope to be rich one day. i aspire to. i would love to be a billionaire. i think people have...
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and you add that to the payroll tax increase and you have got a big tax increase coming count pike in a weak economy. martha: it will hurt across the board from the top to the bottom. everybody's financial picture will look different in the new year. bill: prince william's pregnant wife has been released from the hospital. a smiling duchess of cambridge heading home. she had been in the hospital for severe morning sickness. they moved to kensington palace where she has been ordered to take it easy. she looks great. martha: poor thing. you are leaving the hospital. you have got to do your hair and smile for the cameras when you feel lousy. bill: what a media frenzy this has been already. it's just the beginning. england has that to watch all over the kingdom. martha: we are just getting started. lots going on. a new green energy project funded by you the taxpayer. did you know you are one of the prime investors in a new electric car battery? bill: there are new concerns about a north korean rocket launch any day. a top u.s. commander labeling it very dangerous. what is the u.s. doing i
and you add that to the payroll tax increase and you have got a big tax increase coming count pike in a weak economy. martha: it will hurt across the board from the top to the bottom. everybody's financial picture will look different in the new year. bill: prince william's pregnant wife has been released from the hospital. a smiling duchess of cambridge heading home. she had been in the hospital for severe morning sickness. they moved to kensington palace where she has been ordered to take it...
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continuing to extend the pay roll tax cut which is a defending of social security . every since we started that bad policy. we have seen them run the deficit . medicare. when you see the american people paying on average. 115 million a year and getting something 300 mill or 300,000, benefits in their life. we have to do something about the fee for service program and get it a defined benefit and we have to reform and preserve mandatory spending programs. >> one of the things you are best at as a communicator of the republican party. what do you tell people who are worried about republicans or democrats might do in congress that would put their security in jeopardy? >> first and foremost, we are not talking about making change for current seniors or those 10 years from going in. but we have to do something for someone like myself who is 51 or those programs will not be there. we are talking 10-12 years of solvencey between social security and medicare. we have to be adults and leaders and say we have a program and we'll bring viable solutions to future generations. >>
continuing to extend the pay roll tax cut which is a defending of social security . every since we started that bad policy. we have seen them run the deficit . medicare. when you see the american people paying on average. 115 million a year and getting something 300 mill or 300,000, benefits in their life. we have to do something about the fee for service program and get it a defined benefit and we have to reform and preserve mandatory spending programs. >> one of the things you are best...
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higher taxes hurt economic growth. people say it doesn't hurt it and they are saying of all the possible answers i will pick the extreme one, which is zero. what is most iportant? millions are out of work, we have incomes that have not grown but they have fallen. i would think growth is the priority. >>neil: is that going do mean more dividends next year to make up for the tax hit they will face? will they still cash out with the dividends? isn't that going do lead to a market tank? >>guest: one of the things, what we are seeing right now is the first evidence that companies' investors know the fiscal cliff is coming and when we get closer that is when the market will tank. >>neil: take your money and run. >>guest: for political pumps folks are willing to go over. that is dangerous much next year if we go over the cliff, all bets are off and we are in a recession. >>neil: you are not competent? >>guest: i don't like the way this is going. this is not two parties sitting down and saying we have a serious national proble
higher taxes hurt economic growth. people say it doesn't hurt it and they are saying of all the possible answers i will pick the extreme one, which is zero. what is most iportant? millions are out of work, we have incomes that have not grown but they have fallen. i would think growth is the priority. >>neil: is that going do mean more dividends next year to make up for the tax hit they will face? will they still cash out with the dividends? isn't that going do lead to a market tank?...
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Dec 3, 2012
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they may consider eliminating tax deductions on high income earners. and a third powerful storm hitting less than a week. weather causing rain flooding at a rate of an inch an hour at times. thousands lost their electricity. the damage wasn't as bad as they thought it would be. >>> i am marianne rafferty. now back to foxnews.com. harris. let's send you back to huckabee hosted by dana pireno. >> when i was white house press secretary and faced a room full of reporters and i am used to getting tough questions . it has been a a while since i was grilled and since i am guest host and i can't play a bass guitar. i am take questions. only person missing is helen thomas and sit negligent front row and she and i were good friends believe it or not. who is it first. >> hi, dana, i am richard from dallas and got an easy one. you are obviously lovely intelligent nice person, is it difficult to tolerate bob beckel every day? >> very. >> bob and i used to take the train back and forth when we commute benefit we moved to new york. we were in dc and go back together
they may consider eliminating tax deductions on high income earners. and a third powerful storm hitting less than a week. weather causing rain flooding at a rate of an inch an hour at times. thousands lost their electricity. the damage wasn't as bad as they thought it would be. >>> i am marianne rafferty. now back to foxnews.com. harris. let's send you back to huckabee hosted by dana pireno. >> when i was white house press secretary and faced a room full of reporters and i am...
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Dec 6, 2012
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i myself like a flat tax or a fair tax. just not this tax nest we have right now. i say set three different rates. as you go up the income ladder there are fewer writeoffs and more pro -- progressive. commit to doing all of this. sign in your own blood. you are out, you are fired on the spot. your word will be your bond. you don't honor it, your fan knee will be out the door. politicians, what i am telling you is stop acting -- start acting like a super hero. start thinking about the citizens of got them and -- gothem and america who counts on you. the red phone is ringing. >> i regret to say, sir, batman and robin are not at present available. >> what? surely you must be jesting. >> uh lass, sir, i am not. batman is enjoying one of his infrequent vacations. >> do you want to let america and the world down? that's not what super heros do. that's not what i'm going to do. i am putting my perm -- personal life aside to destroy your personal life. we have financial super hero and it looks like batman can't keep us from going off the edge the way these guys are going.
i myself like a flat tax or a fair tax. just not this tax nest we have right now. i say set three different rates. as you go up the income ladder there are fewer writeoffs and more pro -- progressive. commit to doing all of this. sign in your own blood. you are out, you are fired on the spot. your word will be your bond. you don't honor it, your fan knee will be out the door. politicians, what i am telling you is stop acting -- start acting like a super hero. start thinking about the citizens...
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Nov 29, 2012
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the taxes. so an american can escape somewhat but not as effectively as the british. when margaret thatcher reduced the tax we saw an explosion of enterprise and of course a wave of tax revenue came rolling in. we were able to have a debt repayment schedule and the tax emigres came back from the tax havens that remain in the british empire like bahamas and elsewhere. >>neil: john, always a pleasure, if no for other reason than your british accent is better than stuart varney's accent. thank you very much. thank you, john. in the meantime, the man who brokers some pretty night deals for lawrence taylor, what about this one between president obama and speaker boehner? and like s. or you can get out there and actually like something. the lexus december to remember sales event is on. this is the pursuit of perfection. >>neil: maybe we just got ahead of ourselves. progress is looking not so good on the budget talks with ed henry at the white house with the latest. i am confused. where are we? >>repor
the taxes. so an american can escape somewhat but not as effectively as the british. when margaret thatcher reduced the tax we saw an explosion of enterprise and of course a wave of tax revenue came rolling in. we were able to have a debt repayment schedule and the tax emigres came back from the tax havens that remain in the british empire like bahamas and elsewhere. >>neil: john, always a pleasure, if no for other reason than your british accent is better than stuart varney's accent....
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Dec 1, 2012
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and worried about potential tax hikes on dividends. how do you play that. you know, one job or the other. the moment i could access the retirement plan, i just became firm about it -- you know, it's like it just hits you fast. you know, you start thinking about what's really important here. ♪ the big dividend in the stocks and energy oil and gas has upside potential to go along the five percent dividend yields. >> adam what do you think of that? >> it is extremely expensive and i would be concerned about that price. >> what is concerning you and what are you bing? >> waste management. why are always going to have garbage. it is an inexpensive stock for a well run company. >> not trash at all. waste management is some of the best management of company in america and has for a long time. >> what are you doing these days? >> i do a lot of thingings. i eat a lot. >> i set myself up. >> what i am liking is wre. i inherited from my mother and buy it for myself . specializing
and worried about potential tax hikes on dividends. how do you play that. you know, one job or the other. the moment i could access the retirement plan, i just became firm about it -- you know, it's like it just hits you fast. you know, you start thinking about what's really important here. ♪ the big dividend in the stocks and energy oil and gas has upside potential to go along the five percent dividend yields. >> adam what do you think of that? >> it is extremely expensive and i...
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Dec 1, 2012
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yeah, no one wants higher taxes, but we're not in a deep reception right now. we absolutely are going to die if things start to change and in fact, the underlying real problem, the growing deficit on the path to greece, the goal gets worse once we kick the can away. that will be the overriding probleming not the slowing economy not people spending money, but sure, that might not happen in the first two months, but it will eventually happen if we keep kicking down the can. we want to prove to the world that we have a solution and if it takes a few months to get there and higher taxes for a while, big deal, we will get there. that's got to be the plan not just the same nonsense. >> yeah, but larry, that's part of your point, but jonas says we're not in a bad recession, we're certainly not in a good recovery. and if we just keep falling little bit by little bit, maybe as much as jump off the cliff, but it's certainly a slippery slope. >> brenda, the damage is already being done. we saw it in november retail sales and companies delaying activity already and we know
yeah, no one wants higher taxes, but we're not in a deep reception right now. we absolutely are going to die if things start to change and in fact, the underlying real problem, the growing deficit on the path to greece, the goal gets worse once we kick the can away. that will be the overriding probleming not the slowing economy not people spending money, but sure, that might not happen in the first two months, but it will eventually happen if we keep kicking down the can. we want to prove to...
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Dec 6, 2012
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state taxes went up. they are now higher than both new york city as well as hawaii. >> when it comes to jobs being added different numbers, 118,000. >> this is the first week of the month we get a lot of jobs data. storm event coming in when i say storm literally we will see the effects of super storm sandy. private job creation says businesses added 118,000 jobs in november. if it were not for sandy that number would have been north of 200,000. adt may have a stronger jobs report that's the big one economists look at. we expect 93,000 nonfarm jobs have been created last month. the numbers are weak and they suggest it's not just a storm but it is worried about the fiscal cliff holding businesses back from hiring. >> business owners and other people on e-mail which is most of us. when you are reading the e-mails and writing them you rate changes. >> pay attention i guess. do you hold your breath when you are reading an e-mail. it is e-mail apnea. study shows 80 percent of folks have it. when you hold your
state taxes went up. they are now higher than both new york city as well as hawaii. >> when it comes to jobs being added different numbers, 118,000. >> this is the first week of the month we get a lot of jobs data. storm event coming in when i say storm literally we will see the effects of super storm sandy. private job creation says businesses added 118,000 jobs in november. if it were not for sandy that number would have been north of 200,000. adt may have a stronger jobs report...
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Dec 2, 2012
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in taxes by an average of 5%. that means a middle-class family will pay $2,000 more in taxes and married couples would be hurt because of marriage penalty. it doesn't include the budget consequences. $55 billion would be cut from the pentagon and another $55 billion slashed from domestic programs. an estimated 2 million jobs could be lost pushing the economy back into a recession adding to the misery to those facing tough times by ending jobless benefits for the long term unemployed. steve is live in washington. where do we stand at this point? >> reporter: two sides did do something today. they appeared on the sunday talk shows but they haven't negotiated an actual deal. john boehner blasted the white house plan which was put forward last week. boehner says the president essentially wasted the last three weeks since the election with nonsense. >> the president is asking for $1.6 trillion worth of new revenue over ten years, twice as much as he been asking for in public. stimulus spending that exceeded the amount
in taxes by an average of 5%. that means a middle-class family will pay $2,000 more in taxes and married couples would be hurt because of marriage penalty. it doesn't include the budget consequences. $55 billion would be cut from the pentagon and another $55 billion slashed from domestic programs. an estimated 2 million jobs could be lost pushing the economy back into a recession adding to the misery to those facing tough times by ending jobless benefits for the long term unemployed. steve is...